https://www.taxtmi.com/caselaws?id=239048 The Tribunal upheld the AO's jurisdiction to assess a non-existing company pre-amalgamation, dismissed the classification of interest income as 'income from other sources,' allowed deduction of proportionate interest and expenditure, deemed reassessment proceedings invalid, directed deletion of accrued interest addition, and share premium as income. Interest under S.234B was to be charged. The Tribunal partially allowed the appeal, permitting deductions and dismissing jurisdictional issues, invalidating reassessment, and deleting additions, while dismissing the stay application as infructuous. en-us Fri, 24 May 2013 00:00:00 +0530 Tue, 05 Nov 2013 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239048 The Tribunal upheld the AO's jurisdiction to assess a non-existing company pre-amalgamation, dismissed the classification of interest income as 'income from other sources,' allowed deduction of proportionate interest and expenditure, deemed reassessment proceedings invalid, directed deletion of accrued interest addition, and share premium as income. Interest under S.234B was to be charged. The Tribunal partially allowed the appeal, permitting deductions and dismissing jurisdictional issues, invalidating reassessment, and deleting additions, while dismissing the stay application as infructuous. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239048